By Marianne Goodland | Colorado Politics
The latest revenue forecast for Colorado’s state government reflected the effects of some of the 30 laws approved this year that changed tax policy, resulting in less revenue for state operations and decreased Taxpayer’s Bill of Rights refunds to residents.
The overarching message is the 2024-25 budget was tight — and 2025-26 is going to be even tighter.
And that doesn’t yet include the potential effects to the state budget from two ballot measures that could require the state to backfill up to $3 billion to cover lost property tax revenue for school districts and local governments.